ABC Singapore lands tight 3yr FRN

By Addison Gong

17 Sep 2019

Agricultural Bank of China’s Singapore branch has sold the tightest three year floating rate note (FRN) from a big four Chinese bank, adding $500m to its coffers.

The FRN was announced at the 95bp over three months Libor area, on Monday morning Asia time, by global co-ordinators ABC Singapore, ABC Hong Kong, Bank of China, Bank of Communications, China Construction Bank Singapore branch and DBS.